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Crypto & Bitcoin

Binance relied on AI to fight fraud before hackers exploited internal tool in $6 billion theft

Reported by Oluwapelumi Adejumo, CryptoSlate

Image: CryptoSlate

Hackers exploited Binance's internal artificial intelligence tools to compromise engineers before stealing $6.34 billion in cryptocurrency, the exchange disclosed. In its Nov. 3 security report, Binance said attackers used a compromised employee computer and an internal AI tool on Oct. 20 to take control of two engineers responsible for its wallet infrastructure. The attackers subsequently… Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox

This is an excerpt. The reporting belongs to CryptoSlate.

Read the full report on cryptoslate.com
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